Satar Naghshineh's (satarnag) Blog

I agree with this blog. The short sale approval letter is for the seller only, regardless what anyone says or what your short sale addendum states. Thoughts anyone???     The icing for the underwriters on financing the purchase of a short sale is lender approval lender....just full of all kinds o...

With low inventory the last few months, we are seeing buyers entering into multiple offer scenarios. One tactic to win the bid is using a "Sharp Bid". What you are doing as a buyer's agent, is basically putting in an escalation clause in a purchase offer contract to increase the purchase price if...

Take 27 minutes out of your life to listen to a speech which asks and answers the role of government and the patth that we Americans must take. It is interesting how the issues we faced in 1964 are facing us today, maybe a different name, but the same concept. This is the type of leadership we ne...

I blame the real estate agents. Under no circumstance should you lose a short sale or loan modification because of an unknown foreclosure date. Everytime you do your followup call, even for those listings on Equator, you need to ask if there is a sale date. Ask it even if you were told no on your...

A few points: 1. Value is based on BPO results. I still get them at a great price because the BPO is made aware of at least 3 recently sold and 3 low active comps. 2. You might want to look at FHA rehab loans so you don't limit yourself to cash buyers. Also make sure you have high contractor bids...

When comments get deleted, it is important to re-blog to show another view point regarding servicing clients of different price points. Please feel free to contribute on this blog and your comments will remain intact so that all sides of the discussion can be presented.You may or may not have rea...

So you get a call from a seller. He has a short sale listing with a fair market value of 30k. This listing has two loans from the same bank totaling 100k. There are deliquent HOA dues of 10k. What would you do? Would you take the listing? why and why not? The intention of this blog is to start a ...

Maybe it was a mistake? Why would anyone play games on a listing that has been active on the MLS for only thirteen days? What do you think?Who remembers the song "Games People Play"? "Oh the games people play now Every night and every day now Never meaning what they say now Never saying what they...

A Re-Blog of a Re-Blog!  I love activerain as real estate concepts and business practices can be discussed in an open forum. What is the job of the listing agent at an open house? What about other agents who conduct open houses for the listing agent in order to find buyer leads? Here is my respon...

In California, I do short sale negotiations for other agents. This publication from the Department of Real Estate in California caught my eye: http://www.dre.ca.gov/pdf_docs/ca/ConsumerAlert_ShortSalesUpdate.pdf 1. Buyer to make up commissions that the foreclosing lender doesn't cover. For exampl...